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Phillips 66  (PSX)
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PSX's Net Income Growth by Quarter and Year

Phillips 66's Net Income results by quarter and year




PSX Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 1,285.00 2,181.00 488.00 -726.00
III Quarter September 2,143.00 5,540.00 374.00 -67.00
II Quarter June 1,734.00 3,182.00 -639.00 -2,427.00
I Quarter March 2,077.00 1,371.00 -494.00 810.00
FY   7,239.00 12,274.00 -271.00 -2,410.00



PSX Net Income fourth quarter 2023 Y/Y Growth Comment
Phillips 66 reported fall in Net Income in the fourth quarter 2023 by -41.08% to $ 1,285.00 millions, from the same quarter in 2022.
The drop in the fourth quarter 2023 Phillips 66's Net Income compares unfavorably to the Company's average Net Income jump of 76.89%.

Looking into fourth quarter 2023 results within Oil & Gas Integrated Operations industry 2 other companies have achieved higher Net Income growth. While Phillips 66' s Net Income drop of -41.08% ranks overall at the positon no. 1208 in the fourth quarter 2023.




PSX Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -41.08 % 346.93 % - -
III Quarter September -61.32 % 1381.28 % - -
II Quarter June -45.51 % - - -
I Quarter March 51.5 % - - -65.03 %
FY   -41.02 % - - -

Financial Statements
Phillips 66's fourth quarter 2023 Net Income $ 1,285.00 millions PSX's Income Statement
Phillips 66's fourth quarter 2022 Net Income $ 2,181.00 millions Quarterly PSX's Income Statement
New: More PSX's historic Net Income Growth >>


PSX Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -40.04 % -60.63 % 30.48 % -
III Quarter September 23.59 % 74.1 % - -
II Quarter June -16.51 % 132.09 % - -
I Quarter March -4.77 % 180.94 % - 2.14 %
FY (Year on Year)   -41.02 % - - -




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #3
Energy Sector #43
Overall #1208

Net Income Y/Y Growth Statistics
High Average Low
1577.84 % 76.89 % -75.14 %
(Dec 31 2017)   (June 30, 2011)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #3
Energy Sector #43
Overall #1208
Net Income Y/Y Growth Statistics
High Average Low
1577.84 % 76.89 % -75.14 %
(Dec 31 2017)   (June 30, 2011)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Phillips 66's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
457.04 % 28.57 % -88.34 %
(Jun 30 2019)  


PSX's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Phillips 66 realized fall in Net Income sequentially by -40.04% to $ 1,285.00 millions, from $ 2,143.00 millions declared a quarter before.

It's not huge concern, as Net Income always seem to plunge in this quarter Harley  Surname, Energy sector consultant noted.

Within Oil & Gas Integrated Operations industry Phillips 66 achieved highest sequential Net Income growth. While Phillips 66's Net Income growth quarter on quarter, overall rank is 734.


Net Income Q/Q Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #0
Energy Sector #33
Overall #734
Net Income Q/Q Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #0
Energy Sector #33
Overall #734
Net Income Q/Q Growth Statistics
High Average Low
457.04 % 28.57 % -88.34 %
(Jun 30 2019)  


PSX's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Phillips 66 reported fall in Net Income from the third quarter by -40.04% to $ 1,285.00 millions, from $ 2,143.00 millions declared in the previous reporting period.

But that's not important issue, as Phillips 66's Net Income always tend to dip in this quarter.

Within Oil & Gas Integrated Operations industry Phillips 66 achieved highest sequential Net Income growth. While Phillips 66's Net Income growth quarter on quarter, overall rank is 734.


Phillips 66's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 7,239.00 $ 8,135.00 $ 11,532.00 $ 12,980.00 $ 12,274.00
Y / Y Net Income Growth (TTM) -41.02 % -23.12 % 112.96 % 714.3 % -
Year on Year Net Income Growth Overall Ranking # 18 # 45 # 21 # 51 # 0
Seqeuential Net Income Change (TTM) -11.01 % -29.46 % -11.16 % 5.75 % 16 %
Seq. Net Income Growth (TTM) Overall Ranking # 332 # 190 # 56 # 135 # 78




Cumulative Net Income growth Comment
Phillips 66's cumulative 12 months Net Income continue to drop, but on the faster rate at -41.02% year on year, at Dec 31 2023 compare to the -23.12% decrease at Sep 30 2023. If the Phillips 66's fiscal year would end at Dec 31 2023, annual Net Income would be $7,239 millions.

Phillips 66 achieved highest trailing twelve month year on year Net Income growth. While Total ranking has impoved so far to 18, from total ranking in previous quarter at 45.

Net Income TTM Q/Q Growth Statistics
High Average Low
714.3 %
7.32 %
-383.24 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 1
Energy Sector # 0
Overall # 18

Net Income TTM Y/Y Growth Statistics
High Average Low
714.3 %
7.32 %
-383.24 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 12
S&P 500 # 332
Cumulative Net Income growth Comment
Phillips 66's cumulative 12 months Net Income continue to drop, but on the faster rate at -41.02% year on year, at Dec 31 2023 compare to the -23.12% decrease at Sep 30 2023. If the Phillips 66's fiscal year would end at Dec 31 2023, annual Net Income would be $7,239 millions.

Phillips 66 achieved highest trailing twelve month year on year Net Income growth. While Total ranking has impoved so far to 18, from total ranking in previous quarter at 45.

Net Income TTM Q/Q Growth Statistics
High Average Low
714.3 %
7.32 %
-383.24 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 1
Energy Sector # 0
Overall # 18

Net Income TTM Y/Y Growth Statistics
High Average Low
714.3 %
7.32 %
-383.24 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 12
S&P 500 # 332




Other Net Income Growth
Oil & Gas Integrated Operations Industry Net Income Growth Trends and Statistics
Energy Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
PSX's Net Income Growth Ratio versus Oil & Gas Integrated Operations Industry, Energy Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for PSX's Competitors
Net Income Growth for Phillips 66's Suppliers
Net Income Growth for PSX's Customers

You may also want to know
PSX's Annual Growth Rates PSX's Profitability Ratios PSX's Asset Turnover Ratio PSX's Dividend Growth
PSX's Roe PSX's Valuation Ratios PSX's Financial Strength Ratios PSX's Dividend Payout Ratio
PSX's Roa PSX's Inventory Turnover Ratio PSX's Growth Rates PSX's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Energy SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Diamondback Energy Inc -1.65%$ -1.654 millions
Helmerich and Payne inc -2.03%$ -2.030 millions
Sm Energy Co-4.39%$ -4.392 millions
Amplify Energy Corp -12.06%$ -12.063 millions
Eog Resources Inc -12.69%$ -12.692 millions
Berry Corporation bry -13.08%$ -13.080 millions
Viper Energy Inc -13.30%$ -13.295 millions
Hess Corporation-13.57%$ -13.574 millions
Pioneer Natural Resources Co-14.31%$ -14.315 millions
Consol Energy Inc -18.63%$ -18.625 millions
Alpha Metallurgical Resources Inc -20.24%$ -20.239 millions
Imperial Oil Limited-20.96%$ -20.961 millions
Marathon Oil Corporation-24.38%$ -24.381 millions
Matador Resources Company-26.33%$ -26.331 millions
Fgi Industries ltd -36.22%$ -36.219 millions
Murphy Oil Corporation-36.67%$ -36.669 millions
Omega Flex Inc -37.09%$ -37.086 millions
Callon Petroleum Co-37.98%$ -37.983 millions
Exxon Mobil Corporation-38.63%$ -38.629 millions
Liberty Energy Inc -39.69%$ -39.690 millions
Phillips 66-41.08%$ -41.082 millions
Occidental Petroleum Corporation-41.25%$ -41.255 millions
Cvr Energy inc-43.60%$ -43.605 millions
Alliance Resource Partners Lp-45.77%$ -45.767 millions
Marathon Petroleum Corporation-48.45%$ -48.448 millions
Kimbell Royalty Partners lp-49.42%$ -49.421 millions
Rpc inc -53.73%$ -53.728 millions
Shell Plc-54.20%$ -54.201 millions
Magnolia Oil and Gas Corp-55.31%$ -55.309 millions
Cnx Resources Corporation-56.24%$ -56.241 millions




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